Let's talk AUD!

Discussion in 'Markets & Economies' started by sammysilver, Dec 2, 2020.

  1. alor

    alor Well-Known Member Silver Stacker

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    when the processors cannot make money. they should stop buying to work on the iron. Then import would automatically come to a hold.
     
  2. Jason1

    Jason1 Well-Known Member

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    no its supply vs demand.
    The price will change once Brazil can start producing again. their production has been smashed by covid. thats why prices are high.
    we are the only country currently running on all cylinders So we have the monopoly right now. But this isnt a long term thing, Brazil has been known to undercut us on price but they cant right now when they are being smashed by covid.
    china is just crying because they dont want to deal with Aus any more but cant ditch our iron as they have little choice.
     
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  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    AUD will fall, now australian coal is banned
     
  4. alor

    alor Well-Known Member Silver Stacker

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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Gold still weak, even in USD.
     
  6. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Of course but its a shit load easier when you no longer have to pretend independence, power is concentrated and transparency is even less.
     
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  7. nicotineandcaffeine

    nicotineandcaffeine Active Member

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    Not while USD is falling

    wouldn't surprise me if iron ore revenue is increasing then coal revenue from China actually increases.
     
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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  9. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    No one knows where the AUD or any exchange rate will go. Unless the RBA lifted the OCR 1-2% then there's no certainty what the AUD will do especially in a world where many of the western countries are using the same economy crushing methods to deal with Covid plus cranking the printing presses / raising debt to stimulate the economy.

    Ask 30 economists and you'll get 30 different views....all just as valid as weather forecasters and fortune tellers.

    [​IMG]
     
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  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Fixed it for ya ;)
     
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  11. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    AUD is 76.66 tonight!
     
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  12. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    Pisst if it can bust the. .76 resistance... Next step is. .80
     
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  13. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Extract below from a 29 June 2020 ABC news article in which they asked a group of economists to forecast various Australian economic indicators ie GDP, inflation, unemployment etc...including where the AUD / USD rate will be come 31 Dec 2020...No surprise, only 2 of 23 remotely close and and for good measure, not one of the below dart throwers got within a bulls roar of the current iron ore spot price (29 Dec 2020) of circa USD160t. :D:D:D:D:D:D




    https://www.abc.net.au/news/2020-06...stralia-weak-recovery-getting-weaker/12398728


    upload_2020-12-31_0-0-10.png
     
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  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    I don't mind an appreciating AUD v USD...may help to keep the AUD gold and silver prices stable / down a tad which is good if you a buyer.

    Given the history of the AUD / USD rate, it goes down like it did in 2001/2, then up again, 2010, then back down...Traders love the AUD, one of the most traded (7th most traded from memory).

    Last time (and it was a few years back), I calculated for sh$ts & giggles the AUD / USD average rate since 1983. Was circa 0.72 ish. so current level not far past long term average.

    upload_2020-12-31_0-20-37.png
     
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  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    My belief is that the factors that will cause the AUD to drop will also drop metal prices. However, I think the AUD will drop considerable more resulting in a marked increase in the cost of metals. Meantime now is a good time to buy.
     
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  16. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Maybe for gold, but silver may drop more than AUD? Buying gold in AUD made a lot of sense a month ago. Now isn’t too bad either. I suspect there will be action next month that will propel gold, a repeat of a year ago.
     
  17. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    .77 as we speak. Keep buying the metal of your choice.
     
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  18. JulieW

    JulieW Well-Known Member Silver Stacker

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    Yes, indeed. I always read my annual horoscope. It's always more accurate than the economy pundits with their fanciful predictions .

    In fact if I'd taken last year's advice I'd have bought Bitcoin at its low. ( electric energy rules! lol.)
     
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  19. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    bit coin $47,000 AUD -- keep buying teh crypto of your choice
     
  20. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    It’s a race to the biggest crash!
     

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